Robinhood As Well As Anon Whale Squandered 506.2 Million DOGE, As Per A Study

By account of its own clients, Robinhood owns 42,157,488,061 DOGE. This amounts to $4,945,874,342 – or 31.78 percent of all Dogecoin in circulation. In other developments, the Bitcoin of America ATM chain has recently added DOGE. That’s 1,800 BTMs spread throughout 39 states in the United States.

Robinhood executed three large crypto transactions roughly twenty hours ago, moving three blocks of 100,000,000 Dogecoin between its internal addresses. Each of these transfers was valued at $13,679,600 and was sent for only $1.37 each (10 Dogecoins).

An unidentified crypto-whale had moved nearly the same amount of DOGE in a single block an hour before: 206,263,823 coins. According to @DogeWhaleAlert, this includes $27,958,442 in fiat, which was moved to one of the top 20 wallets. In total, over $69 million has been invested in the first meme cryptocurrency.

Dogecoin is a cryptocurrency founded by software programmers Billy Markus and Jackson Palmer as a joke in response to the rampant cryptocurrency speculation at the time. It is regarded as the first meme coin and, more precisely, the first dog coin. Considering their amusing character, many people would consider this to be a legitimate business possibility. Dogecoin’s emblem and name are inspired by the Shiba Inu dog from the Doge meme. It was first released on December 6, 2013, and it swiftly grew its own online community, eventually reaching a market capitalization of more than $85 billion on May 5, 2021.

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Robinhood Executed Three Large Crypto Transactions Roughly Twenty Hours Ago Moving Three Blocks Of 100,000,000 Dogecoin

A Dogecoin transaction tracker discovered numerous large DOGE transfers containing $69 million in cryptocurrency. @DogeWhaleAlert, a cryptocurrency tracking service, published data on a massive 506.2 million DOGE traded by popular brokerage app Robinhood and an unnamed whale. According to the tweets, Robinhood executed three large crypto transactions roughly twenty hours ago, moving three blocks of 100,000,000 Dogecoin between its internal addresses. Each of these transfers was valued at $13,679,600 and was sent for only $1.37 each (10 Dogecoins).

Robinhood Holds 42,157,488,061 DOGE

An unidentified crypto-whale had moved nearly the same amount of DOGE in a single block an hour before: 206,263,823 coins. According to @DogeWhaleAlert, this includes $27,958,442 in fiat, which was moved to one of the top 20 wallets. In total, over $69 million has been invested in the first meme cryptocurrency.

Robinhood, as previously reported by U.Today, holds 42,157,488,061 DOGE on behalf of its investors. This amounts to $4,945,874,342 – or 31.78 percent of all Dogecoin in circulation. In other developments, the Bitcoin of America ATM chain has recently added DOGE. That’s 1,800 BTMs spread throughout 39 states in the United States.

Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing